SBV
HDBank Q1 2026: The CAR Improvement That Makes the Green Bond Real
HDBank's CAR rose 184 bps to 16.16% in Q1 2026 — the capital metric underpinning Moody's 'Positive' outlook and a $300M green bond pipeline.
LPBank Becomes the Eighth Bank to Approve a VIFC Subsidiary — and the First to Name Digital Assets
LPBank's 28 April AGM unanimously approved a VIFC subsidiary — the eighth in 2026 — and the first to explicitly cite digital asset management as a target service.
Vietnam Bill Opens SME Loans to Digital-Asset Collateral
Vietnam's MoF draft SME law would recognise digital assets as loan collateral — a first for mainstream banking, with a July 2027 target date.
SBV–RBI MoU Opens India Corridor for the VIFC
The SBV–RBI MoU signed 5 May 2026 targets QR code retail payment linkages — not full UPI interoperability — but opens a corridor unlike any other the VIFC has.
Resolution 05's RWA Issuance Framework: The Compliance Checklist for Tokenized Asset Issuers
Resolution 05/2025 lets Vietnamese LLCs tokenize real-world assets for foreign investors — here is every issuer obligation, from Form No. 01 to 10-year data retention.
Decree 94's P2P Sandbox: The Foreign Ownership Bar and What It Means for VIFC Firms
Decree 94/2025/ND-CP bars foreign-owned enterprises from Vietnam's P2P lending sandbox — and the term 'foreign-owned' remains undefined, raising EVFTA and CPTPP treaty questions.
Circular 09 Updates Custody Rules for SBV Repos and OMOs
Circular 09/2026/TT-NHNN, effective July 4, takes effect just as VIFC subsidiary banks go live — here is what compliance and treasury teams must act on.
SBV's Draft Circular on FDI Forex: Pre-IRC Accounts and the First IFC-to-Mainland Capital Category
SBV's draft replacement for Circular 06/2019 lets foreign investors open capital accounts before IRC approval and creates the first explicit regulatory category for IFC-to-mainland capital flows.
No More Forced VND Conversion: What Circular 72 Actually Means for Inbound Capital
Circular 72 abolished Vietnam's mandatory VND conversion for VIFC-bound foreign capital — here is what that means in practice for foreign LPs and asset managers.
Decree 329 + Circular 72 Explained: Banking, Foreign Exchange, and AML Within the VIFC
A plain-English walkthrough of the VIFC's banking licensing, foreign exchange, and anti-money laundering framework — the 'money layer' of Vietnam's financial centre.
Singapore and the VIFC: What a Central Banker Premier's First Phone Call Signals
PM Le Minh Hung, a former SBV Governor, called Singapore's PM nine days into office to request VIFC support — here is what that means.
Decree 329's AA- Floor Is Blocking JPMorgan, MUFG, and Bank of America from the VIFC
Decree 329 requires AA-/Aa3 credit ratings for foreign bank VIFC licences — a threshold that blocks JPMorgan, MUFG, Bank of China, and over 10 other named institutions.
Da Nang's Implementing Decrees Are Too Strict: The Case for Amending Resolution 222
Da Nang's VIFC Executive Agency told the National Assembly in May 2026 that Resolution 222's eight guiding decrees are too strict for practical implementation — and is now preparing formal amendment proposals.
VIFC's Eight Implementing Decrees: A Practitioner's Reference Map
All eight VIFC implementing decrees (323–330) were enacted on 18 December 2025. Here is the practitioner's reference map.
HCMC's Davos Playbook: The On-Chain Partnerships Behind the Headlines
HCMC's Davos delegation signed two on-chain MoUs and studied Lugano's crypto-city model. Here is what each engagement actually involved.
VIFC Forex and Dispute Resolution: A Practical Framework for Cross-Border Transactions
The VIFC's forex and dispute resolution frameworks interact in ways that matter for cross-border deal structuring — a practical guide.
Who's Who: The People and Institutions Behind the VIFC
An ecosystem map of the governance bodies, regulators, founding members, strategic partners, and advisors shaping Vietnam's International Financial Centre.